CALGARY, July 2 /CNW/ - Mr. Jim Marlatt, President of Uravan Minerals Inc
("Uravan") (TSXV: UVN), is pleased to announce the appointment of Mr. Garth
Drever as Uravan's new Exploration Manager. Mr. Drever's appointment
represents an important and strong addition to Uravan's exploration technical
team and has been made as an on-going effort to add new leadership, knowledge
and depth to Uravan's management group. Garth's primary responsibilities will
be the development and management of Uravan's worldwide exploration project
portfolio and the development and implementation of innovative exploration
technologies for increased exploration success.
Garth is a Professional Engineer and Geoscientist holding a Bachelor of
Science Degree in Geology from the University of Regina, SK (1975). Garth has
been working as an exploration geologist for over 30 years, primarily as a
Senior Geologist, and most recently as a District Geologist for Cameco
Corporation. Garth has extensive experience in uranium exploration in both
Canada and Australia. Garth began his career with the Geological Survey of
Saskatchewan managing geochemical and geophysical programs exploring for
uranium in Northern Saskatchewan. In 1980 Garth joined SMDC (predecessor
company to Cameco Corporation), working as an exploration geologist in the
Athabasca Basin Uranium District of Saskatchewan. From 1997 to 2000, Garth, in
the capacity of Senior Project Geologist, was instrumental in developing
Cameco's Australian portfolio of uranium projects in the Kombolgie Basin of
Northern Territory and Western Australia. Garth worked closely with
Traditional Owners, researchers and the Cameco exploration team to create
synergies for effective exploration. From 2001 to 2007, Garth played a key
role in the development of Cameco's global uranium exploration portfolio with
experience in the USA, Australia, Africa, Asia, and Europe.
In addition to Garth's broad, and commanding operational experience in
many uranium exploration environments worldwide, he has extensive experience
in the development of innovative uranium exploration approaches; applying
technologies developed through collaborative university research programs.
Garth is a specialist in the development of innovative and effective
exploration database structures and GIS applications that enhance exploration
Uravan's management supports, and welcomes Garth Drever to the Uravan
team as a strong leader to guide Uravan's uranium exploration endeavours going
forward. Jim Marlatt comments, "Garth brings strong leadership, an exceptional
wealth of uranium exploration experience, and a creative drive that is
essential in the business of discovering new ore deposits. With Garth's
presence, Uravan will become a much stronger exploration company."
The Board of Directors of Uravan granted Mr. Drever 150,000 common share
purchase options ("Stock Options") pursuant to Uravan's incentive stock option
plan (the "Plan"). Each Stock Option can be exercised into common shares of
the Uravan at an exercise price of $0.60 per share. The term of the Stock
Options granted under the Plan will be five years. The grant of Shares and
Stock Options are subject to receipt of all required regulatory approvals
including that of the TSX Venture Exchange.
About Uravan Minerals Inc.
Uravan Minerals Inc. ("Uravan") is a Calgary, Alberta based mineral
exploration company specializing in uranium, base metal (nickel, copper) and
precious metal (gold, platinum, and palladium) exploration. Uravan's principal
assets are the Boomerang uranium project, the Garry Lake uranium property and
the Rottenstone Nickel-Copper-PGE project. Due to the increase in the uranium
spot prices, going from $7.10 per pound U(3)O8 in 2000 to $57.00 recently,
Uravan has focused on exploration for potential high-grade unconformity-type
uranium deposits on its joint Cameco-Uravan Boomerang uranium project and its
Garry Lake uranium project plus acquiring additional uranium properties in
other potential geological domains. Uravan is a publicly listed company on the
TSX Venture Exchange under the trading symbol UVN. Uravan has 26,707,614
shares outstanding and approximately $11.0 million in working capital. All of
the mineral properties Uravan owns are considered in the exploration stage of
This press release may contain forward looking statements including those
describing the Corporation's future plans and the expectations of management
that a stated result or condition will occur. Any statement addressing future
events or conditions necessarily involves inherent risk and uncertainty.
Actual results can differ materially from those anticipated by management at
the time of writing due to many factors, the majority of which are beyond the
control of the Corporation and its management.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Larry Lahusen, Executive Chairman, Uravan
Minerals Inc., Tel: (403) 264-2630, Email: email@example.com,